Passenger vehicles attract the highest rate of goods and services tax at 28%.
While sales of mini cars Alto and WagonR declined 14% to 27661 units, those of compacts (Swift, Celerio, Baleno, Ignis and DZire) fell 3.8% to 51334 units.
Sales to aggregators have declined in the calendar year to November, said Vikas Jain, national sales head, Hyundai Motor India Ltd (HMIL).
MSIL said, “starting 26th December 2018 owners of the suspected vehicles will be contacted by Maruti Suzuki dealers for inspection and replacement of the faulty part free of cost."
Bhargava said sales growth this year has been affected due to the absence of a new model in the volume segment.
He explained that two-wheelers consume two-thirds of the petrol in the country and electrification of two-wheelers is much more practical in terms of infrastructure than that of cars.
After the share sale, Sigma Group has ceded control of the joint venture companies’ four manufacturing facilities in and around Chandigarh to its former partners.
From Maruti Suzuki to JLR, automakers have lined up discounts to lure buyers and clear year end inventory.
If one country faces slowdown, there’s opportunity elsewhere: VC Sehgal, Samvardhana Motherson Group
"When we say we are on track, people think we are talking about topline when we mean bottomline."
The 60:40 manufacturing JV between Kubota and Escorts respectively will enable both partners to optimize their current and future capabilities in the segment globally.
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